U.S. inflation slows in July, bolstering hopes for interest rate cuts
The U.S. PPI remained flat in July, against an expected 0.2% increase.
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4.7 %
Its annual rate fell to 4.7%, below economists' forecasts
The fact
Its annual rate fell to 4.7%, below economists' forecasts.
This data supports expectations of a Fed interest rate cut as early as September.
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Why it matters
Un ralentissement de l'inflation aux États-Unis pourrait inciter la Fed à réduire ses taux directeurs, ce qui aurait un impact sur les marchés financiers mondiaux, notamment les actifs risqués comme les cryptomonnaies.